Looking beyond the CPI numbers
Hindustan Times|November 14, 2024
Volatile food prices, abetted by the climate crisis, and geopolitical unrest complicate policy choices

India's benchmark inflation rate, as measured by the Consumer Price Index (CPI), came in at 6.2% in October. This is beyond the upper limit of the Reserve Bank of India's (RBI) tolerance band and the highest inflation print since August 2023. Once again, the inflationary spike is a result of high food inflation, especially in vegetables and edible oils.

The non-food non-fuel core inflation number, while it continues to inch up, is still below its historical average, once gold is taken out. Core inflation is generally taken as a better measure of whether or not an economy is overheated. At 3.7% core inflation, the Indian economy seems anything but.

この蚘事は Hindustan Times の November 14, 2024 版に掲茉されおいたす。

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この蚘事は Hindustan Times の November 14, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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